Indiana bill proposes allowing pension funds to invest in crypto ETFs

A bill has been introduced in the U.S. state of Indiana that would permit pension funds to invest indirectly in cryptocurrency through exchange-traded funds (ETFs), according to Yahoo Finance. The legislation, proposed by Republican state Representative Kyle Pierce, would prohibit pension funds from investing directly in cryptocurrencies. The bill also includes provisions that would prevent local governments and agencies from banning the use of cryptocurrency as a means of payment or denying the establishment of mining facilities.